Stockholders' Equity (Notes)

12 Months Ended

Jun. 30, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

STOCKHOLDERS’ EQUITY

Preferred Stock

The Company is authorized to issue “blank check” preferred stock of up to 5 million shares with such designations, rights and preferences as may be determined from time to time by the Board of Directors. Accordingly, the Board of Directors is empowered to issue, without stockholder approval, preferred stock with dividends, liquidation, conversion, voting, or other rights which could decrease the amount of earnings and assets available for distribution to holders of the Company’s Common Stock. At June 30, 2015 and 2014, no preferred stock was issued or outstanding.

Common Stock Issued

In connection with the acquisition of HPPC during fiscal 2015, 462,856 shares at a total value of $19,690 were issued to the sellers. In connection with the acquisitions of Rudi’s and Tilda during fiscal 2014, 3,559,834 shares at a total value of $159,521 were issued to the sellers. In connection with the acquisitions of the UK Ambient Grocery Brands, BluePrint and Ella’s Kitchen during fiscal 2013, 3,396,944 shares at a total value of $102,636 were issued to the sellers (see Note 4).

Accumulated Other Comprehensive Income (Loss)

The following tables present the changes in accumulated other comprehensive income (loss):

	Fiscal Year ended June 30,
	2015			2014
Foreign currency translation adjustments:
Other comprehensive income (loss) before reclassifications (1)	$	(103,209	)	$	90,625
Amounts reclassified into income	—			—
Deferred gains/(losses) on cash flow hedging instruments:
Other comprehensive income (loss) before reclassifications	5,449			(1,214		)
Amounts reclassified into income (2)	(3,868		)	(190		)
Unrealized gain on available for sale investment:
Other comprehensive income (loss) before reclassifications	(595		)	(1,121		)
Amounts reclassified into income (3)	(311		)	(721		)
Net change in accumulated other comprehensive income (loss)	$	(102,534	)	$	87,379

(1) Foreign currency translation adjustments include intra-entity foreign currency transactions that are of a long-term investment nature of $40,017and $21,862 for fiscal years ended June 30, 2015and 2014,respectively.

(2) Amounts reclassified into income for deferred gains on cash flow hedging instruments are recorded in “Cost of sales” in the Consolidated Statements of Income and, before taxes, were $5,087 and $284 for the fiscal years ended June 30, 2015 and 2014, respectively.

(3) Amounts reclassified into income for gains on sale of available for sale investments were based on the average cost of the shares held (See Note 14). Such amounts are recorded in “Interest and other expenses, net” in the Consolidated Statements of Income. There was no tax expense associated with these gains reclassified into income as the Company utilized capital losses to offset these gains.